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20121201
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together. we're reading that. and i think the first one goes to where the eagles transport them away from the wolves. >> i haven't read the hobbit. >> you haven't head the hobbit? you didn't read it in high school? yeah, i read it in high school. >> i feed a feel-good movie. >> el capitan, che guevara. >> let's talk shopping. shoppers hit the stores for the last time before christmas today. dana telsey is the ceo and chief officer of telsey group. we saw you day after thanksgiving, you said there was going to be sort of a hot -- that weekend was going to be big, there was going to be a lull, and it was all going to come back. has it turned out that way for you, dana? >> i think some of it came back. i don't think all of it came back. i think it was a tougher season than expected. you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of
at risk of what i call a hotel california, monetary policy, going back to the eagles song which is you can check out any time you want but you can never leave. that's what i worry about. theoretically we can check out any time we want from this program but we practically, because we're going to have an engorged balance sheet, we may never be able to leave this position. so i have some concerns. i was concerned about the 2.5% mention, even, of inflation one or two years out in terms of expectations. the market becomes fixated on the unemployment target that we actually install its threshold, not a target that we put in there. but, i lost my arguments. there are others that argued similarly. they'll let them speak for themselves. but here's the thing, the committee makes a decision under the leadership of ben bernanke. this is ben bernanke's fed. its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-st
, certainly american eagle's been outperforming, aeropostal, so you want to watch for extra promotions and then the problem is, does everybody feel compelled to pile on and match the pricing? so, again, you know, this year a big theme is price matching whether it's best buy or apparel retailers. everybody wants to know they're getting the best value. last year it was free shipping, now you add in price matching plus, you know, other freebies and you're just getting a lower overall gross margin in the market. >> for people looking at retail stocks, you'd tell them to stay away for most of them? any of them you'd like beyond limited? >> well, i think look at what target is doing. so you have this lull for the two-week period before black friday and thanksgiving. they did a collaboration with neiman marcus, with a lot of designer gifts for under $100. they launched it over the weekend and it wasn't a sellout. that is something differented that's going to get the consumers in the stores during that lull period. other retailers are not thinking out of the box during this period. so i think,
? >> eagles. >> i'll give him prince. >> we're going to party like it's 1999? >> yeah, we can party like it's 1990. listen, i'm not talking about the economy, i'm talking about -- you have so much money. >> raspberry. >> red beret. >> i didn't say red beret i cedras berry beret. >> i don't have monitors. >> so then, we will get to 6.5% on track in unemployment? this will work? >> now you're asking me a different question. >> do you believe in the new normal? like the pimco idea that we're going to have subemployment, permanently. >> the question that the fed is taking a chance. this is a different way to put it. the fed is taking a chance that 6% is where you start triggering inflation, okay? that's the real trigger here. >> on unemployment. >> they're going to go to 6.5. i think the fed is that they're not going to trigger until you get to 6%. i think that's the best i get out of this. >> i don't know if that's right. the question is do you trigger at 7%. you could trigger the real economy and that's something fisher would be worried about. you have to pull back and you can't get to 6% and
if they get re-elected again, would you use the debt eagle? once we go through this and the cliff is no longer, would you play hardball with the debt ceiling knowing that you're going to be blamed for that and lose your seat in 2014? >> it would depend on the promises that i made to get elected. what we have is a roomful of people who made promises that probably can't be kept. and they're worried about going home, and giving a speech in a high school auditorium and having somebody stand up in the back and say, hey, you said you wouldn't raise taxes under any circumstances. so that's an impossible promise to keep in today's world. >> you think it still works, though, if this all happens in january? >> sure. >> you think that then they can say they kept the promise? >> sure. i mean, look -- >> you don't think the public sees through that? >> i wish i 0 could say that i thought the public sees through. listen, the market doesn't seem to be too bothered by the fact that it seems at this point to be inevitable what we're not going to hit the deadline. so maybe the public does see through this, and
Search Results 0 to 4 of about 5

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